Theodore J. Forstmann

Theodore J. Forstmann (born 1940) is one of the founding partners of Forstmann Little & Company, a private equity firm, and chairman and CEO of IMG, a leading global sports and media company. Forstmann is a graduate of Greenwich Country Day School, Phillips Academy, Yale University and Columbia University Law School with what is now a juris doctorate. At Yale, he was a member of Delta Kappa Epsilon fraternity. He is usually known as "Ted" (occasionally "Teddy" to friends and family).
Forstmann, an attorney, founded Forstmann Little in 1978 with his brother Nicholas C. Forstmann, who later died of lung cancer, and William Brian Little. Ted Forstmann's second brother, J. Anthony Forstmann, founded ForstmannLeff.
Forstmann has a net worth of US$1.6 billion as of 2011.
Under Forstmann's leadership, Forstmann Little & Company has made 31 acquisitions and significant investments and returned more than $15 billion of profits to investors. In addition to IMG, some of the firm's investments include Gulfstream Aerospace, Dr. Pepper, The Topps Co., Stanadyne Corp.